GreenTech operating loss narrows to $151,510 in November

By Caroline Salls

Pittsburgh, Jan. 11 – GreenTech Automotive Inc. reported a $151,510 operating loss for November on $84,895 in net operating revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, GreenTech posted a $183,412 operating loss for October on $91,597 in net operating revenue.

Net income for November was $1.3 million, improving from a $2.12 million October net loss.

The company had $370,691 in cash and cash equivalents as of Nov. 30, down from $373,442 at the end of October.

GreenTech is a Sterling, Va.-based electric vehicle manufacturer. The company filed for bankruptcy on Feb. 26, 2018 under Chapter 11 case number 18-10651.

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